JPMorgan Chase & Co. (NYSE:JPM) Stake Decreased by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,918 shares of the financial services provider’s stock after selling 671 shares during the quarter. JPMorgan Chase & Co. comprises about 1.2% of Richard P Slaughter Associates Inc’s portfolio, making the stock its 18th biggest holding. Richard P Slaughter Associates Inc’s holdings in JPMorgan Chase & Co. were worth $5,254,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JPM. Mizuho Securities Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $27,000. Fairway Wealth LLC bought a new stake in JPMorgan Chase & Co. during the second quarter worth approximately $32,000. West Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter worth approximately $37,000. Finally, New England Capital Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 50 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on JPM shares. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Finally, Citigroup increased their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $254.15 on Friday. The business’s 50-day moving average is $242.70 and its 200-day moving average is $223.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $715.53 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 3.16 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $165.24 and a fifty-two week high of $257.04.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.97%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.